A group of bipartisan US senators is writing to Secretary of State Rubio to pledge their support for the Taiwan Relations Act, Semafor reports; Twelve senators signed the letter

The bipartisan support for the Taiwan Relations Act could signal a stronger U.S. commitment to Taiwan amid rising tensions with China, influencing geopolitical stability in the Asia-Pacific region. This development may have implications for risk sentiment in markets, particularly for safe-haven assets like gold and the JPY, as well as currency dynamics among USD and Asian currencies. The market should watch for reactions in equities and commodities, especially given existing concerns around trade and diplomatic relations.